Host: Scott Bauer, Chief Executive Officer, Prosper Trading Academy
  • Yesterday, the VIX Index closed at 21.24 and today the VVIX Index is down to 107, which is near its lowest levels since the start of the COVID-19 pandemic.
  • The VIX futures curve climbs from now until April with the February expiration at 23.93, March at 26.67 and April at 27.89. From there, the curve flattens out until October.
  • Industrywide, 38 million options contracts traded yesterday. So far in February, the options average daily volume is just over 40 million.
  • The VIX options put/call ratio was 0.75 yesterday, down from 1.51 just a week before.
  • Also yesterday, the June 110 calls were the most active VIX options traded, trading out-of-the-money at $0.21. Additionally, 21,000 June 16/21 VIX options puts traded and 31,000 February 45 VIX options puts traded.

To learn more visit Cboe’s website.

Host: Kevin Davitt, Cboe Options Institute Senior Instructor
  • The S&P 500 is above 3,900 today, reaching a new all-time high. Last week, 30-day S&P 500 Index realized volatility climbed to 15.4%, while 30-day S&P 500 Index implied volatility fell to just over 16%.
  • The small-cap Russell 2000 Index is up another 1.5% today and up about 15% year-to-date.
  • Last week, the VIX futures curve moved from about $0.45 inverted on a Month-1/Month-2 basis to a $2.55 carry, or contango, by the end of the week. …

Adam Inzirillo, Head of North American Equities, shared what drove Cboe’s decision to update the Cboe EDGX® Early Trading session hours, along with some recent volume updates.

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Effective Monday, March 8, the EDGX Early Trading session will begin at 4 a.m. ET. The reason we made this change is simple: we heard you. We take customer feedback seriously, so when we heard calls for earlier trading, we looked for a way to make it happen. In addition to seeing the greatest demand for earlier trading from our EDGX customers, we are also aware that the retail trading community is a…

Host: Dan Deming, Managing Director, KKM Financial

· The VIX Index is down to 21 after last week’s high of 37.51.

· The VIX futures curve is back in contango with a 2.60 spread between the February and March VIX futures. Volatility in the front month VIX future has been high this week, reaching 34.55 on Monday, February 1.

· 30-day realized volatility for the S&P 500 Index is at 15.50. The VVIX Index is at 107, a new low for 2021.

· Today’s most active VIX options include February 45 VIX options calls, March 23 VIX options puts and April 30 VIX options calls.

· Next week: stimulus negotiations, the last few Q4 2020 earnings calls and Consumer Price Index (CPI) data.

To learn more visit Cboe’s website.

Host: Kevin Davitt, Senior Instructor, Cboe Options Institute

· At the time of recording, the S&P 500 Index was above its all-time closing high and the VIX Index measured just above 22. The S&P 500 Index ultimately finished the day near 3,871, reaching a new record high.

· The 10-day historical volatility measure for the VIX Index is near 30 and 30-day at-the-money S&P 500 Index volatility fell to 17.

· Congress continues to work toward a stimulus bill with Democrats proposing a scaled back bill that would send about $1,400 to roughly 70% of Americans based off of income.

Host: Joe Tigay, Chief Trading Officer, Equity Armor Investments

· The market fall out from last week’s GameStop (GME) short squeeze continues today.

· The VIX Index has dropped from a high of 38 last week to low 20s today.

· The January Jobs Report will be released on Friday and could be a new catalyst for volatility.

· February is historically a weak month for the market, but the SKEW Index is still elevated and the VIX Index is still above 20 to start the month.

To learn more visit Cboe’s website.

As Head of North American Equities at Cboe, Adam Inzirillo recently laid out his team’s plans for 2021 in a letter to Cboe’s customers. Read on to learn about what’s in store for North American Equities at Cboe this year.

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With the first month of 2021 behind us, I want to share a preview of what Cboe’s North American Equities team has planned for the coming year. First and foremost, we will continue forward with our customer-first approach, which guides every decision we make and pushes us to create better trading solutions for you. While we have always prided ourselves…

Host: Scott Bauer, Chief Executive Officer, Prosper Trading Academy

· The VVIX Index dropped to 117 today after measuring at 168 last week, the index’s highest since trading at 172 in June.

· The VIX futures curve is in reversal from last week’s backwardation with February VIX futures trading around 26.5, March VIX futures near 28. Following March, there’s a slight bump up before flattening out through the summer.

· Yesterday in VIX put options, the February 18, 21 and 24 strikes were the most active.

· February 55/60 VIX call options traded for $0.13 yesterday.

· The S&P 500 Index options put volume nearly doubled yesterday. Today, the S&P 500 Index is looking at its second day of gains.

To learn more visit Cboe’s website.

The Cboe Women’s Initiative held a conversation with David G. Smith and W. Brad Johnson about the role men have in advancing gender equality in the workplace

The Cboe Women’s Initiative recently hosted a fireside chat with David G. Smith, Ph.D. and W. Brad Johnson, Ph.D., authors of “The Good Guys,” which focuses on how men can be better allies for women in the workplace. Cboe’s Chief Financial Officer Brian Schell and Chief Human Resources Officer Jen Browning hosted the chat, taking turns asking their own questions and those submitted from Cboe associates.

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Dr. Smith and Dr. Johnson began the…

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Cboe Global Markets Completes Acquisition of BIDS Trading, the Largest Independent Block Trading ATS in the U.S.

Cboe Global Markets™ announced it acquired BIDS Trading on January 4. BIDS Trading is a registered broker-dealer and the operator of the BIDS Alternative Trading System (ATS), one of the largest block-trading ATS by volume in the U.S. The ATS operated by BIDS Trading is not a registered national securities exchange or a facility thereof. The acquisition provides Cboe with a competitive foothold in the off-exchange segment of the U.S. equities market and the opportunity to expand its global footprint and diversify its product and service offerings in markets beyond U.S. equities and options.

Learn more about the acquisition >>>

WFE Focus Magazine: Ed Tilly on the Lessons and Challenges of 2020

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